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comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
you later on in the show and tonight's vice presidential debate, the tax discussion will be a key issue, the so-called $5 trillion tax cut for rich people. now, take a listen to former senator alan simpson in an exclusive interview only on cnbc today. >> you have a situation where grover norquist has obtained this pledge in the '80s, in the early '90s, he got this pledge that you wouldn't raise taxes under any circumstances unless they are commensurate with spending cuts and those guys are enthralled to him. >> best way to take that on is to reform the tax code, to broaden the base and simplify the code, to wipe out these tax expenditures and use that money to reduce rates. >> well, all right. lo looks like bowles supports the grover norquist idea which is the romney idea. sounds like simpson, as usual, is being very crotchety. let's get to the two guests to get to the hoe-down. dean baker from the center for economic and policy research and the aforementioned grover norquist, president of americans for tax freedom. first of all, grover, what is alan simpson talking about? >> well
went out and rescue general motors. we went ahead and made sure we cut taxes. in addition to that, when that occurred, what did rodney do? -- what did mitt romney do? let detroit go bankrupt. for a guy who says a 47% of the american people are unwilling to take responsibility. my friend recently gave a speech to washington state, a 30% of the american people are takers. these people are my mom and dad. they are elderly people who are living off social security. there are veterans and people fighting in afghanistan right now who are "not paying any taxes." it's about time they take some responsibility. instead of signing pledges, they should be signing a pledge saying to the middle class, we will level the playing field. we will give you a fair shot again. we will not repeat the mistakes we made in the past by having a different set of rules for wall street and main street, making sure we continue to hemorrhage these tax cuts for the super wealthy. they are holding hostage the middle class tax cut because they say we won't continue the middle class tax cut unless you give the tax cut for
had to act for the middle class. we rescued general motors. we made sure that we cut taxes for the middle class. and in addition to that -- when that occurred, what did romney do? he said, no, let the detroit go bankrupt. we helped people refinance their homes. governor romney said, no, let foreclosures hit the bottom. it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend, recently in a speech for washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they pay more effective tax than governor romney pays in federal income tax. they are elderly people living on social security, veterans and people fighting in afghanistan right now who are, quote, not paying any tacks. i have had it up to hear with that notion of 47%. it's about time to take responsibility. instead of signing pledges to grover norquist, not to ask the wealthiest amongitous contribute to bring back the middle class, they should be signing a pledge to t
made sure that we cut taxes for the middle class, and in addition to that, when that occurred, what did romney do? romney said no, let detroit go bankrupt. we moved in and helped people refinance their loans. governor romney says 47% of the american people are unwilling to take responsibility of their lives. my friend said 30% are takers. these people are my mom and dad, my neighbors. they pay more tax than governor romney pays. they are elderly people who in fact are living off of social security. there are veterans who are not quote not paying taxes. i've had it up to here with this notion -- instead of signing pledges not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. we're going to give you a fair shot again. we are going to not repeat the mistakes we made in the past by having a different set of rules for wall street and main street. making sure that we continue to hemorrhage these tax cuts for the super wealthy. they're pushing the continuation of a tax
, my old pal, art laffer, is going to blast obama and tell you why mitt romney's tax reform is pro-growth and it will not cost anything like $5 trillion. >>> plus, did president obama, hillary clinton and susan rice lie about the 9/11 benghazian attack? the latest sworn congressional testimony sure makes it sound that way. >>> first up tonight, let's do some stock investigation. fourth day of losses across the board. dow dropped 129 points. is the tepid earnings season to blame or are you guys missing a political revolution which will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit,
on taxes, the economy, foreign policy, if you like. share portions of the debate with those in your community. you are welcome to do that on c- span.org and book for our debate held. tomorrow, the candidates are on the campaign trail. vice president biden with joe biden will be in wisconsin at 2:45 eastern time. paul ryan will be with mitt romney in lancaster, ohio, at 5:40 p.m. both of them will be airing on c-span. right now, it is time for us to play, in its entirety, tonight's presidential visit vice- presidential debate in kentucky. -- tonight's vice presidential debate in kentucky. i am martha raddatz. i am honored to moderate this debate between the two men who have dedicated much of their lives to public service. it is divided between domestic and foreign policy issues. i will move back and forth between foreign and domestic. we will have nine different segments. at the beginning of each segment, i will ask both candidates a question and they will each have two minutes to answer. i will encourage discussion between the candidate with follow-up question. it has been determine
. they more effective tax than governor romney pays in his federal tax. they are veterans and people fighting in afghanistan right now who are quote not paying any taxes. it's about time they take some responsibility here. and instead of signing pledges to grove norquist not to ask the wealthy among u.s. to tribute to bring back the middle class, they need to say we are not going to repeat the mistakes we had in the past making sure we continue to hemorrhage these tax cuts for the super wealthy. they are pushing the continuation of a tax cut that will give an additional $500 billion n tax cuts to 120,000 families and they are holding hostage the middle class tax cut because they say we won't continue that tax cut unless you continue the tax cut for the super wealthy. >> mr. ryan. >> ryan: you know what the unemployment rate in scranton is today? >> biden: i sure do. >> ryan: it was 8.5% when you came in. >> biden: look that's not how it is going. it is going down -- >> two-minute answer please. >> ryan: did they come in and inherit a tough situation? absolutely.
wolf blitzer and when wolf asked him to get specific on tax cuts, here's what happened. >> even though you're going to lower the income tax rates for people making let's say more than $250,000 a year, but you're going to eliminate some loopholes and deductions, exemptions, tax credits, is that what i'm hearing? >> that's right. i'll bring the rate down across the board. but eliminate or limit, rather, deductions or credits and exemptions and so forth, particularly for people at the high end, because you have to do that to make sure that distributionally we continue to have the high-income people still pay the same share, the high share they pay today. >> would that add up to the $4.8 or $5 trillion that's been estimated -- your comprehensive tax reductions would cost? >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because what he says is let's look at all the rates you're lowering, and then he ignores the fact i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously, that was corrected
for the middle class and we went out and rescue general motors. we went ahead and make sure we cut taxes for the middle class and when that occurred, what did romney do? he said no, let's them go bankrupt. we helped finance homes and he said no. it should not be surprising for a guy who says 47% of the american people are not willing to take responsibility for their lives. my friend said recently 37% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they've paid more effective income tax. they are elderly people and veterans and people fighting in afghanistan right now who are not paying any taxes. i have had it up to here with this notion that 47% -- is about time they take some responsibility here. instead of signing pledges to grover norquist not to ask the wealthiest among us not to bring back the middle class, they should be signing upa pledge say we will level the playing field and give you a fair shot, we will not repeat the mistakes were made in the past by having a different set of rules for wall street and main street.
i know you're under a lot of duress to make up for lost ground. lower tax rates increase growth. >> now you're jack kennedy? >> the interruptions, the facial expressions, and the facts. we're going to have the high lights, the low lights, the arguments and a fact check as well on the candidates' claims. it's friday october 12th. "starting point" comes to you live from danville, kentucky. >>> good morning, welcome everybody. you're watching "starting point." we're coming to you live this morning from center college here in danville, kentucky. things last night right here were pretty heated between the vice presidential candidates, no one had a bad night. nobody was too polite. instead joe biden, paul ryan, simply let it fly and when it was over the american people scored it a draw. cnn/orc poll of debate watchers showed that 48% felt that paul ryan won. 44% said that the vice president joe biden won. of course that would be a statistical tie when you calculate in the margin of error. we begin with cnn's dana bash with some of the highlights of the night. good morning. >> good mor
it to a poll tax, they said this was a poll tax and would be voter suppression in texas and would not be happening there. like they are utilizing in other states. >> okay. so -- in the state of rhode island which i think -- my home state which is pretty controlled by the democratic party, they didn't see too much outrage there when they did it. i think when you look at every poll that's ever come out, 70% to 80% of americans support this, so i think that somehow equate showing a photo i.d. which in most states is given -- free if there is an issue with the person's economic condition, then somehow requiring people to show the same type of thing had would be required to get government assistance and get on an airplane and try government building and is actually a common sense move to ensure we maintain the integrity -- >> the basic right of an american isn't to fly, is it? >> i don't understand your question. >> your basic american right in certain things is to be able to vote. >> i don't understand how -- entering a government building, getting government benefits, things like tha
ahead and cut taxes for the middle class, and in addition to that, when that occurred, what did romney do? he said, no, let detroit go bankrupt. we moved in and helped people refinance their homes. governor omney said, no, let foreclosures hit the bottom. it's not surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend in washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they pay more effective tax than governor romney pays in the federal income tax. they are elderly people who, in fact, live off of social security. there are veterans and people fighting in afghanistan right now, quote, not paying any taxes. i had it up to here with the notion that 47% -- it's about time they take some responsibility here, and instead of signing pledges to grover norquist not to ask the wealthiest among us to bring back the middle class, they should sign a pledge saying to the middle class we'll level the playing field giving you a fair shot again. we are
at the busy week that was. >> there aren't enough rich people and small businesses to tax to pay for all their spending. >> with all due respect, that is a bunch of malarkey. >> what words came out are not what i meant. >> wow, here's old moderate mitt. >> with more assets, more resources, we could have and should have saved the life of ambassador stevens. >> is it true that you voted to cut the funding for embassy security? >> absolutely. >> politics ruled this week that was, but the vp showdown, that took the cake. of course, sprinkled with a few zingers. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> zing. >> lower tax rates increase growth. >> oh, now you're jack kennedy. >> zing. >> this is a bunch of stuff. look, here's the deal -- >> what does that mean, a bunch of stuff? >> it means -- >> zing. >> as for that first debate. >> i think it is fair to say, i was too polite. >> not an issue with these guys. >> turped into this sparring and it was very, very personal. >> personal and partisan. >> you have to be kidd
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome
other. we're going to talk about foreign policy and domestic from libya to taxes coming up, talking about fact and fiction in tonight's debate. first to gary noneberg with some of the key moments in the matchup. >> it was scheduled for nine segments bouncing back and forth between foreign and domestic economy and covered a lot of ground on the budget, economy, taxes. neither ground break new ground. both men were well prepared, and in impressive control of a wide range of facts. neither made the kind of mistake that would convince an audience he can not do the job. >> we welcome vice president joe biden and congressman paul ryan. >> [ applause ]. >> reporter: it started with foreign policy, the libya attack. >> it took the president two weeks to acknowledge this was a terrorist attack. >> we will find and bring to justice the men who did this, and secondly we will get to the bottom of it, and wherever the facts lead us, wherever they lead us, we will make clear to the american public. >> reporter: some news here, blaming the against community for the confusion. >> why were people
. "i'm not in favor of a $5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >> i want to bring the conversation to the state of our economy, the number one issue here at home is jobs. the percentage of unemployed just fell 8% for the first time in 43 months. the obama administration had projected that it would fall below 6% now after
he said that cutting taxes should not be part of negotiation of tax reform. i wonder if those comments in any way reflect the democratic stance. >> the president made clear that he supports tax reform broadly, but senator schumer is making an important point, that the wealthiest must pay their fair share. he is making the very clear point the president has made and others have made that it is fanciful thinking to imagine that you can give more tax cuts to millionaires and billionaires, and that the pixie dust of trickle-down economics will somehow erase any damage to the deficit or hold harmless the middle class -- it is a mirage. it is not realistic. the broader issues of tax reform are something that very much interest the president of united states, but has always -- his approach is always that everyone has to pay their fair share, everyone has to pay their -- everyone has to get a fair shot. in the debate he is having with the election and has been having with republicans on capitol hill, if we take a balanced approach that includes increased revenues by asking millionaire
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
immediately rescued general motors. we made sure we cut taxes for the middle class and in addition to that, and when that occurred, what did romney do? romney said, no, let detroit go bankrupt. we helped people refinance their homes. governor romney said, no, let foreclosures hit the bottom. it shouldn't be surprising for a guy that says 47% of the american people are unwilling to take responsibility for their own lives. my friend recently said 30% of the american people are takers. these people are, my mom and dad, the people i grew up with, my neighbors. they pay more taxes than governor romney pays in his federal income tax. they are elderly who are living off of soecial security. they are veterans. i've had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledging to grover nord quist not to ask the wealthiest to contribute to bring back the middle class, they should say to the middle class, we're going to level the playing field. we're going to give you a fair shot again. we are going to not repeat the mistakes we ma
Search Results 0 to 49 of about 494 (some duplicates have been removed)